HOUSTON — Marathon Petroleum Corp. on Friday closed its acquisition of BP Plc’s Texas City, Texas, refinery, both companies said.
Findlay-based Marathon Petroleum also said the 451,000-barrels-per-day plant, the site of a deadly explosion in 2005 that killed 15 people, will be renamed the Galveston Bay refinery. Marathon already owns an 80,000-barrel-per-day refinery in Texas City.
The $2.4 billion deal — agreed upon in October — includes inventory, three intrastate natural gas liquids pipelines, four terminals, and other assets.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.